Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +1.01 | 0.71% |
| Return on Equity (%) | ▲ | 14.75% | +7.82 | 6.93% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.66 | 2.83% |
| Efficiency Ratio (%) | ▲ | 57.35% | -18.01 | 75.36% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.21 | $2 |
| Cost of Funds (%) | ▲ | 2.23% | -0.53 | 2.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $987 | -7.26 | $994 |
| Gross Loans ($M) | ▼ | $750 | -35.87 | $786 |
| Loan Growth YoY (%) | ▼ | 85.23% | -2.61 | 87.84% |
| Total Deposits ($M) | ▼ | $866 | -14.12 | $880 |
| Shareholders Equity ($M) | ▲ | $115 | +13.24 | $102 |
| Tang. Book Value ($M) | ▲ | $115 | +13.24 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +14.22 | $107 |
| Loan / Deposit Ratio (%) | ▼ | 85.23% | -2.61 | 87.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -0.13 | 0.71% |
| Allowance / Loans (%) | — | 1.67% | -0.04% | 1.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.16 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.63% | +2.24 | 17.40% |
Noninterest income ($1.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.30% | 2.32% | 2.42% | 2.83% | 2.88% | 2.95% | 3.06% | 3.49% |
| ▁▂▂▁▃▄▅█ | Return on Assets (%) | 0.68% | 0.82% | 0.83% | 0.71% | 0.96% | 1.12% | 1.28% | 1.71% |
| ▆▅▅█▇▆▄▁ | Efficiency Ratio (%) | 69.8% | 66.4% | 66.4% | 75.4% | 71.4% | 68.7% | 65.6% | 57.4% |
| ███▅▅▄▃▁ | Cost of Funds (%) | 3.14% | 3.04% | 3.05% | 2.76% | 2.73% | 2.58% | 2.46% | 2.23% |
| █▂▂▁▁▁▁▁ | NPA / Assets (%) | 1.64% | 0.79% | 0.82% | 0.71% | 0.63% | 0.63% | 0.60% | 0.58% |
| █▂▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.38% | 0.35% | 0.32% | 0.21% | 0.11% | 0.10% | 0.05% | 0.05% |
| ▁▃▂▃▄▅▇█ | Tang. Book Value ($M) | $94 | $100 | $99 | $102 | $102 | $107 | $112 | $115 |
| ██▆▅▂▂▁▁ | Gross Loans ($M) | $823 | $825 | $802 | $786 | $763 | $758 | $742 | $750 |
| ▅█▃▅▄▃▁▃ | Total Deposits ($M) | $882 | $912 | $863 | $880 | $873 | $868 | $847 | $866 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 22% |